St. Louis Post-Dispatch from St. Louis, Missouri • B1

BUSINESS 1 FRIDAY 02.08.2019 I I LTODAY. OM BU I BY JACOB BARKER St. Louis Post-Dispatch A Kansas City rm plans to begin construc- tion on a new 600-acre industrial park in Pontoon Beach, the latest indication that a hot market for new warehouse space cooling down here yet. The new park in the Metro East, planned by NorthPoint Development along the south side of Interstates 270 between Interstate 255 and Illinois Route 111, could add as much as 7 million square feet of logistics space to the market even as NorthPoint and other compa- nies continue to build huge new warehouses elsewhere. NorthPoint Development closed on the purchase of the real estate last week, buying it from Landmark Development LLC, a com- pany registered to Michele Kahni of trucking company Dynamic Transit in Granite City.

Pontoon Beach documents indicate North- Point planned to pay $19.5 million for acqui- sition of the real estate. Gateway TradePort will be the fourth ma- jor logistics park in the St. Louis area for Another huge logistics park signals demand for storage space BY DAVID HUNN St. Louis Post-Dispatch The Los Angeles Rams just lost another skirmish in the multiple legal battles. This time, a St.

Louis judge approved a class-action law- suit aiming to get money back to fans who bought tickets and merchandise since 2010, and got stuck with jerseys, T- shirts and other paraphernalia for a team that left St. Louis. St. Louis residents James Pudlowski, Louis C. Cross III, Gail Henry and Steve Henry led suit in 2016, alleging the Rams purposefully misled fans who may not have otherwise bought tickets or merchandise, or paid so much for them.

On Wednesday, Judge Timothy Boyer ruled that the suit could proceed as a class action, a move the Rams had fought for more than two years. Boyer appointed St. Louis attor- ney Steven Stolze as class counsel. Missouri residents who bought merchandise in the state between April 21, 2010, and Jan. 4, 2016, can now participate in the suit.

am very said Thayer Weaver, one of the CLASS-ACTION STATUS IN RAMS SUIT CRISTINA M. FLETES Greg Domian, of St. Louis, and owner of Olympic Sporting Goods, rearranges Rams apparel in the front window of his store on 4916 Hampton Avenue in St. Louis in December 2015. The store was ering Rams apparel at 40 percent BY JOYCE M.

ROSENBERG Associated Press As small business owners compile their income tax returns, they may have an unpleasant surprise some popular business deductions have disappeared or been reduced under the new tax law. While the law gave small business owners new tax breaks including a 20 percent deduction in income for many sole proprietors, partners and own- ers of corporations, Congress took back deductions for entertainment ex- penses, employee transit ts and what are called net operating loss car- rybacks. It also put ceilings on interest deductions for some businesses. Accountants and tax attorneys sus- pect small business clients will espe- cially miss the break for entertaining clients and customers. think going to be shocked at how much more they get as a FROM STAFF REPORTS Edgewell Personal Care has an- nounced that Rod Little will be- come its next president and CEO.

Edgewell, the maker of Schick razors, Banana Boat sunscreen and other personal care products, said appointment would be ective March. 1. The leadership change comes shortly after Edgewell shifted its headquarters from Chesterfield to Shelton, where many of its executives live. a Co ry- ba se Energizer Hold- ings separated its battery and personal care busi- nesses in 2015, and Edgewell be- gan operating as a separate com- pany with its headquarters in Chesterfield. Its brands include Schick, Playtex, Stayfree, Banana Boat and Hawaiian Tropic.

Edgewell now lists Shelton as its principal executive ces and eld as its former head- quarters. have operated with a Loss of tax breaks may change business game plan Edgewell taps new CEO, eyes sale of feminine care and baby products Little See EDGEWELL Page B6See LOGISTICS Page B4 Metro East development could add up to 7 million square feet to area market See TAXES Page B5 CHRISTIAN GOODEN PGA fans watch professionals practice at Bellerive Country Club in August. Owners who take customers to sporting events or the theater or treat them to a round of golf will have to foot the entire bill for those activities under the new tax law. See RAMS Page B5 People who bought merchandise, tickets after 2010 were misled by football team, lawsuit says Most of us get excited at the prospect of seeing Hollywood actors up close, but state politi- cians seem especially starstruck. Missouri Lt.

Gov. Mike Ke- hoe is so awed by celebrity that he wants to spend tax money to lure more productions like Ben filmed in Cape Girardeau in 2013, or George in the shot in St. Louis in 2009. Both films benefited from film production tax credit, which expired in 2013. If state legislators pay attention to solid research, as opposed to klieg lights and wishful thinking, leave the program dead and buried.

Robert Tannenwald, a lecturer at Brandeis Heller School for Social Policy and Management, has studied moviemaking incentives for more than a decade. He says they fail a simple test. are not cost-effective tools of job Tannen- wald says. that feel they can use the tax credits to lure enough movie and TV produc- tion to create a self-su cient in- dustry are making a bad Film tax credits are poor economic policy In Massachusetts, state spent $102,696 per job created DAVID NICKLAUS St. Louis Post-Dispatch See NICKLAUS Page B5 YADOTEERFTRATShtiw DNUFER RUOY EZIMIXAM moc.reyalSxaTta SRIegarevaehtraeytsaL.eliforplacitehtopyhemasgnisudetaluclacdna653,4$sawtnuomadnufer7102.sgnidlohhtiwetats005,2$dnasgnidlohhtiwlaredef057,8$;287,4$siytilibailxat detamitsE.tnednepedenodnasegawelbaxatni000,76$htiwyltnioJgniliFdeirraMsadelifeliforpreyapxatlacitehtopyhasisihT.noitalipmoclacitsitatsarondnuferlaredeflautcanatoN1 1.